DALLAS (AP) — Boeing's third-quarter profit rose 34 percent on lower taxes, and the company raised its forecast for 2016 earnings, revenue and airplane deliveries.
CEO Dennis Muilenburg called the aircraft market "generally positive" with a "moderate" pace of sales orders.
Demand for the single-aisle 737 remains strong, he said, but the company might slow production of the bigger, two-aisle 777 jet until replacement demand picks up again early next decade.
On Boeing's military business, the company still expects moderate growth in U.S. defense spending and solid demand overseas.
Boeing said it expects full-year earnings from its core businesses to range between $6.80 and $7 per share, an increase of 70 cents to reflect the previously unannounced tax-basis benefit.
